Commodity Market Report
North America gas weekly update: Warmth into October
Report summary
This summer was the sixth warmest since 1981, and the warmth looks to continue into October which is actually bearish for Henry Hub gas prices for a change. The supply-demand balance continues to loosen up as production recovers from the recent hurricanes, LNG demand drops off a little on maintenance/outages, and October warmth puts less stress on early heating demand. In fact, with heat in the right places, we might even see triple-digit injections this fall to help replenish storage levels.
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